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Masters Lane, Halesowen

West Midlands

£350,000

Listed on 21/04/2026

Property Details

Bedrooms
2
Type
Detached
Area
933 sqft

Description

This property presents a significant investment opportunity with two detached houses situated on a generous plot of approximately 972 sq meters (0.24 acres) in the West Midlands. The available properties, numbered 50 and 52, are being sold together as one package via Modern Method of Auction, attracting both developers and investors looking for potential growth. While number 52 requires modernisation throughout, number 50 has several structural concerns and may need complete demolition to unlock the development potential of the substantial land at the rear. With planning permission, this area can be revitalized into new housing or commercial spaces. The location is well-situated within an established residential community, close to local amenities and excellent transport links including Rowley Regis railway station and the M5 motorway. Each house offers various accommodation options, but both require considerable refurbishment to reach their full potential. There are existing access points to the rear land which can be enhanced for better utility as part of any future development plans. This unique offering allows prospective buyers to explore multiple avenues for renovation or redevelopment.

Investment Analysis

(B62 area)

Above Market Value

This property is priced +27.3% above area average per sq ft

+27.3%
This Property
£375/sq ft
Area Average
£295/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£302,553
10% above area average per sq ft
Potential ROI
-29.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (B62)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +0.8%
5 year growth: +13.4%
Investment Disclaimer: Analysis based on B62 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Masters Lane, Halesowen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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